--- title: "500 OCEAN Avenue #4B, New York City, NY 11226" description: "500 OCEAN Avenue #4B, New York City, NY 11226 — Prospect Park South, New York City, NY. Listing Price $725,000. 3 bed, 1 bath Illustrative Buyer Commission Share of $10,875 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11226/500-ocean-avenue-b-4B-ny-11226" source: "Real Estate Rebate Team" status: "Active" --- # 500 OCEAN Avenue #4B, New York City, NY 11226 Prospect Park South, New York City, NY Courtesy of Corcoran Group ## At a Glance - **Listing Price**: $725,000 - **Beds**: 3 - **Baths**: 1 - **Common Charges**: $1,069 / mo - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $725,000 - **Illustrative Buyer Commission Share**: -$10,875* - **Illustrative Net Cost**: $714,125 *Illustrative Buyer Savings of $10,875 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (1) ![500 OCEAN Avenue #4B, New York City, NY 11226 — photo 1 of 1](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/56588cc5-0eec-4b7c-aca5-fff531adcb08.jpg) ## Property Overview 500 Ocean Avenue, 4B Prospect Park South Bring your creativity and vision to this generously proportioned convertible four-bedroom home at 500 Ocean Avenue, offering the opportunity to customize a cooperative residence and create a home tailored to your lifestyle in Prospect Park South, Brooklyn. Whether you envision a spacious primary suite, a dedicated home office, or additional bedrooms, the exceptional space and versatile layout provides the flexibility to create a home that reflects your lifestyle, needs, and design aesthetic. From morning walks in Prospect Park, year-round activities at the Lefrak Center, performances at Kings Theatre or films at Nitehawk Cinema, this location offers convenient access to some of Brooklyn ' s best recreational, cultural, and transportation amenities, with seamless transportation via the Q train at Parkside Avenue. Why pay for someone else's design choices when you can create a home tailored to your own vision? Properties with renovation potential often offer greater value, less competition, and the opportunity to build equity through thoughtful improvements. For qualified buyers, renovation financing options may help streamline the process by combining acquisition and improvement cost into a one loan. Highlights: Flexible convertible four (4) bedroom layout Exceptional opportunity ready for your vision Well-established and maintained co-op community Desirable Prospect Park South location Convenient proximity to parks, transit, dining, shopping, and entertainment Renovation financing opportunities available Create a home that reflects your vision, not someone else's choices. Contact us today to schedule a private showing or learn more about renovation financing options. ## Property Details - **Property Type**: Co-op - **Beds**: 3 - **Baths**: 1 - **Rooms**: 4 - **Stories**: 6 - **Year Built**: 1931 - **Common Charges**: $1,069 / Monthly - **Listed On**: Jun 18, 2026 - **Days on Market**: 82 Days ### Residence Features - Building Other ## Sales Evidence ### Recent closed sales 10 apartments at 500 OCEAN Avenue have recorded sales since September 2021, the most recent for $3,075,000 in November 2025. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sold Price | Sold | Source | | --- | --- | --- | --- | --- | | Entire property (Single Family Residence) | 6 | $3,075,000 | November 3, 2025 | MLS | | 3A (Apartment) | — | $470,000 | October 29, 2024 | City record | | 5C (Apartment) | — | $1,045,000 | October 4, 2024 | City record | | 4A (Apartment) | — | $490,000 | September 24, 2024 | City record | | 6A (Apartment) | — | $499,000 | September 12, 2024 | City record | | 1C (Apartment) | — | $1,018,249 | June 5, 2024 | City record | | 4L (Apartment) | — | $646,589 | June 15, 2023 | City record | | 3H (Apartment) | — | $717,866 | February 27, 2023 | City record | | 3G (Apartment) | — | $583,500 | December 14, 2022 | City record | | 1G (Apartment) | — | $882,984 | November 18, 2022 | City record | Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. [See every recorded sale at 500 OCEAN Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/500-ocean-avenue) ## Price and Property History for 500 OCEAN Avenue, Unit 4B Review the recorded listing activity for 500 OCEAN Avenue, Unit 4B, including asking-price changes and prior market dates. - **Latest price change**: Reduced by $25,000, or 3.3%, on June 30, 2026 - **Originally listed**: June 18, 2026 at $750,000 - **Current asking price**: $725,000 | Date | Price | Listing event | | --- | --- | --- | | June 30, 2026 | $725,000 | Asking price reduced by $25,000, or 3.3% | | June 18, 2026 | $750,000 | Listed for sale by Corcoran Group | ## Property Taxes This apartment is part of a co-op that is taxed as one lot shared across 64 apartments. The corporation’s 2026 property tax bill was $247,209 for the whole building. Shareholders cover it through their monthly maintenance rather than a separate bill for this unit. [See the full property tax history for 500 OCEAN Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/500-ocean-avenue) [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 500 OCEAN Avenue 500 OCEAN Avenue, Brooklyn, NY 11226 A building in the neighborhood, currently featuring 1 active listing. - **Year Built**: 1931 - **Total Units**: 1 - **Floors**: 6 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/500-ocean-avenue) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [4B](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11226/500-ocean-avenue-b-4B-ny-11226) | 3 | 1 | — | — | $725,000 (-3.3%) | Corcoran Group | Jun 18, 2026 | 82 days | ## Estimated Monthly Payment **$4,735 / month**, assuming a 20% down payment ($145,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $3,666 - **Common Charges**: $1,069 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Prospect Park South Explore more real estate and insights about Prospect Park South. [Explore Prospect Park South](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/prospect-park-south) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Prospect Park South - [Windsor Terrace real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/windsor-terrace) - [South Slope real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/south-slope) - [Park Slope real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/park-slope) - [Prospect Heights real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/prospect-heights) - [Gowanus real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/gowanus) ## Related Links - [500 OCEAN Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/500-ocean-avenue) - [Prospect Park South neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/prospect-park-south) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.